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London, December 21, 2022 /PRNewswire/ — Palantir Technologies UK, Ltd. Today announced a landmark Enterprise Agreement (EA) with the UK Ministry of Defense (MOD).
Worth £75 million over three years, the partnership will support the MOD’s digital transformation as it becomes the world’s leading agile force in the future. Led by Defense Digital and managed by Palantir, the digital transformation will see MOD data as a strategic asset, harnessing its power to deliver superior military advantage and greater efficiency across the enterprise, from headquarters to the front line.
The partnership aims to accelerate Defense Digital’s ambitious vision of where the UK needs to be by 2030, providing secure access to its data across all operational domains, top level budgets and the foundations of the UK Armed Forces.
Working in close collaboration with Defense Digital, Palantir software will enable the MOD to use data at scale and speed to make faster, better decisions across Defence. Building on more than a decade of partnership, the agreement will enable any part of UK Defense to access Palantir software across multiple classifications, wherever and however it can help – rapidly turning the MOD’s digital vision into reality.
Palantir creates leading digital platforms for data-driven operations and decision-making. Helping develop a data-backed representation of Defense assets, personnel and workstreams, Palantir software brings all data into a single view through a modeling concept called ‘ontology’.
As disparate data sources are integrated into the Palantir software, it digests the information, cleans and synchronizes the data, and maps it into an ontology. Ontologies allow users to view data not as rows and columns but as objects, properties, and relationships between them.
With this sophisticated, intuitive data model, MOD personnel can plan scenarios in advance, test hypotheses and model how they will play out in real time. For front-line operations, budget decisions or maintenance planning with industry partners, Palantir’s software gives MODs the ability to understand results before making decisions.
Chief Data, Director of Defense Digital Caroline Bellamy said:
“As a strategic partner in the complex defense data ecosystem, Palantir products and services are helping Defense become a truly integrated digital enterprise, with data exploitation at the heart of a faster, better and more integrated defense. A defense where real-time, interconnected data Better informed decision-making, our people are digitally connected and empowered, and digital capabilities are phased in for our warfighters and our entire business operations.”
Guy WilliamsHead of UK Defense and National Security, Palantir Technologies UK, Ltd. said:
“Palantir’s enterprise agreement with the MOD will accelerate the UK Armed Forces’ journey to becoming a truly integrated force. We are proud to extend our long-standing relationship with the MOD through our partnership with Defense Digital, and look forward to delivering world-leading software to enable greater operational outcomes. Abilities.”
Rear Admiral Jim Higham said:
“The Palantir foundry is critical to the Royal Navy’s transformation by radically improving the availability of its ships and submarines.”
Across UK Defence, all Palantir users can adapt the platform to suit their needs using Palantir’s suite of no-code/low-code application builders, democratizing access to data and leveling MOD users.
Palantir’s UK office is the largest globally and is home to the company’s research and development hub.
Palantir Technologies Inc. about
The basic software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com/uk/defence/
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and terms of the agreement and the expected benefits of our software platform. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and are based on current expectations as well as management’s beliefs and assumptions at the time regarding future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customers; failure of our platform to satisfy our customer or perform the intended function; the frequency or severity of any software and implementation errors; reliability of our platform; and our customer’s ability to modify or terminate the Agreement. Additional information regarding these and other risks and uncertainties is included in our filings with the Securities and Exchange Commission from time to time. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Media contact
Lisa Gordon
[email protected]
SOURCE PALANTIR TECHNOLOGIES INC.
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